Sir Howard Stringer, a Welsh-born American citizen, faces an enormous challenge turning Sony around.

FORBES: Humbled Colossus

That is the urgent question facing Sony's new boss, Sir Howard Stringer (see article).

ECONOMIST: Sony

Now, the entertainment giant led by Chief Executive Sir Howard Stringer promised to temporarily suspend its used of XCP.

FORBES: Stringer's Sony Suspends Anti-Piracy CD Software

The restructuring follows the appointment in March of Sir Howard Stringer, as the group's first foreign chief executive.

ECONOMIST: Oil prices rise

Sir Howard Stringer himself boasted on stage at the CES 2009 electronics event that 90% of Sony devices would connect wirelessly by 2011.

BBC: Viewpoint: How Sony slipped back

Or Sir Howard Stringer can at least hope so.

FORBES: Stringer's Sony Delays PlayStation3 Launch To November

"Under the leadership of Kaz, and Sir Howard Stringer before him, Sony gave me tremendous support to build a global team to coordinate and lead the company's network service business, " said Tim Schaaff.

ENGADGET: Sony Network Entertainment prez Tim Schaaff retires, will remain on board of directors

Sony shares sagged Wednesday morning after it announced worse-than-expected losses in its fiscal third quarter and drastically cut its year-end forecast, a day after announcing that Sir Howard Stringer will step down as CEO April 1.

FORBES: Sony Limping Toward The Finish Line Of Stringer's Tenure

We're not sure if it's Sir Howard Stringer at the helm, or if it's just a corporate mid-life crisis, but we almost fell out of our chairs when Sony announced last year that their audio players would start supporting MP3.

ENGADGET: The latest chapter in Sony's sea change--SonicStage dies

Sony BMG, a joint venture of Chief Executive Sir Howard Stringer 's Sony (nyse: SNE - news - people ) with Bertelsmann, is now offering free music downloads as well as cash refunds to those who bought the music disc, as part of a proposed settlement of lawsuits, according to U.K. media reports.

FORBES: Lack's Sony BMG Offers Free Downloads In Settlement